The Romanian National Bank-BNR has decided to drop its practice of forcing commercial banks to apply a threshold for consumer loan down payments. The value of the threshold stood at 25% of the credited amount in the case of mortgage credits and 30% for consumer credits.
Adrian Vasilescu, counselor for BNR governor Mugur Isarescu, has said the loan thresholds applied by banks according to their customers’ revenues may now grow to 60-70% of their revenues. And he said the new rule would lead to a better loan offer on the market, especially in terms of quality.
Vasilescu also told Realitatea TV that a document with all the necessary explanations and details in this regard would be published in the coming days as BNR uses the measure to pass from „regulation to self-regulation” on the market.